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Home My WebLink About0164 To plac~ and continuously keep on tha bui!d~ngs now w he~e~fter ~itua~e on seid land and on ~II equipment ~nd p~rwn~lly cov~~~d by this mortp~ ~p~, wilh all premiumi thereon pa~d in full, tire insurance in the usual s?andud policy form, in • sum approv~d by tM MORiGAGEE, and windstwm insuraoce In tM u~ual ~+aruiard pol;cy tam, tn a ~um ~pproved by ~M MORTGAGEE, In tuch company u comp~~iN a tM MORTGAGEE may dir~c~; a~d +II firs and w1nd~~orm insuror+ce polktes on ~ny of said build~np~, any ini~r~~t tFNrein a put ths~~of, in IM apqrepate t~m atw~said or In ~xcess theraof, ~hall conain tha uswl standard malga9ee ctau?e w iuch other claus~ a tM Matyape~ msy ~eqv~r~. m+Air+p IM lou ur~de+ s~id po1F cia, ~ach and evtry, payab~e ~o ~sid MORiGAGEE as ~q inreresl may ~ppear, and each and ~very tuch poticy ~ha11 b~ {xomptly au•yn~d a~+d dNiv~r~d to ~~y held by sa~d MORTGAGEE as fu~the~ ~ecurity to uid mortyaQ~ debt, and, no~ ku ~ha~ t~n t10) d.+ys I~ ~dvanc~ of tM ~xpi~Nion ot e~th poliq, lo da _ IivN ro ~sid MORTGA('iEE a rerww~l lhereof, Iogethar with ~ reteipt Fw the pr~mium of suth renewal; ~nd th~r~ shall be ra fir~ or wlndNam insw~nt~ ~ pl~ced on ~ny of uid buildingi. any in~erest th~r~in a pa~1 th~reof, unless in fhe iam ~nd with tM lou parabl~ a~ ~}unaid; and in tM ~v~nt u+y sum of mon~y becomea p~yable u~ such policy w policies said MORTGAGEE ~hall h~v~ ~he option to receive snd ~pply tM sam~ on accovnt of th~ ind~bted~ 4-.--s... ur.~T~wrnec ....1 i~ -..r N.-._..1 .......~...e ...t•ti....~ rl.~.o~.. ,a~~i..L..s r ...:....y .u . - - - „ _ iny any eq~ity, lien a right under o~ by virtw of this mortgags; ~nd i11 tM fVMf M~d MORTGAGORS shafl fw any r~sson (ail to keep tM ~aid p~~miua so in~ured, o~ fail to deliver promptly any of ssid polKies of insursnce to sa~d MORTGACaEE, a fail promptly lo pay futly ~ny premium therefor a i~ ~ny respect fail to pe~(wm, d~scfiarge, executs, e(fect, comptete, comply with end abide by this covenaM, a+~y part M~eof, said MORTGAGEE m+y plac~ ~~+d pay fw iuch insurance w a~y part thereof without waivcn9 w affectinp any option, li~n, equ~ty, w~~gh~ unde~ a by vi,tu~ of this Mor~p~ye, and tht full unount of ~ach and every such payment shall be imrtKdiately dvs ~nd payaW~ and thall besr interest }rom 1Fa date thereof ~Mil p~id tl tM r~M o1 nine pcr centum pe~ annum and together with such•inte~est thall bs secured by fhe lien of this mortp~e. , 1. To permit, commit w suffer no waste, impairment or deteriorotion of ta~d property w sny part lhereof. S. To pay all a~d tinyutu the costs, charges and expenses, including a rea:ortabls attwney i fee snd wsts of sbstrads oi titl~, i~cvn~d o~ paid ~t any time by uid MORTGAGfE, because or in the eveN of ths (ailure on ~M parl of Ihe said MORTGAGOR ro duly, promptly ~nd fully pNfpm, distharq~ execute, effect, tompk~e, comply w~th and ab~de by each and every the itipulerions, A91ltmMff, cw~ditioru, and oovenann of said pomiswry note and thii mortyape ~Mr w ei~he?. and sa~d cosb. cMrges and ezpenses. each and every. ihall bt immediately due snd payabl~: whether or not tMr~ bt ~otice d~ mand, atternpt to colitct or suit pending; ~nd 1he (ull smount of each and every s~ch payment shall bea~ in+eretf from tM dat~ the~eof vntil p~id ~t tl+~ rafe of nine per centum prr ennum; and afl said costs, chargei and expenxs incurred p paid, togelher with suth interest, aMll b~ s~c~red by th~ li~n of thu mort9sgs. 6. That (a) in th~ evMt of ~ny breach of this Mortgage or defa~lt on t!r pa~t of the MORTGAGOR, or (b) in ths event ~ny of uid sums of nwr?~y herein referred to be ~o~ promptly and fully paid within th~:~y (30) days next after ~he sarru severafly becoma due ~nd payablt, witAovt demand o~ notke, or in ths eveM each and every the stipulations, agreements, coodition~ and covenants of sa:d promi~say note and this morfpap~ any W tilher are nol ~uly, promptly and fully perfwmed, d~scharged, executed, effected, completed, compl~ed with ~nd ~bided Sy, then in either a any tuch twnt IM taid sg gregate sum mentar~ed in :aid promiaswy nore then ~ema~ning u~paid, with intereat accrued, anc! s11 moneys setured hereby, sMll becoen~ dw and p~y- ebie forthwith, or thereafter, at the opt~oe of said MUkTGAGff, ss fvlly and comple~ely as ii all of the said tums of mon~y were ppinaily stipuiated ro be pald on such day, a~ything in sa;d promissay note or in this Mortgage to the contrary notwithstanding; and thersupon w ther~aftet al the op~ion of said MORTGAGEE, without no~ice or demand, suit a1 law w in equity, therefws a tFKreetter be9un, may be prosecuted at if all moneyt ~etur~d he~eby had matured prwr to its institution. 7. Thal in the event that at the beginnirg of or at any t:me pending any w~t upon this Mwtgage, or to foreclote it, or fo refo?m H, or fo enfwp payment of eey claims hereunder, said MORTGAGEE shall apply to the Court having jur~sd+'ction thereo! ta the appoiMmsnt of a Receiver, wch Gourt shall forthwith appoint s reccive? of said mortgaged p~operty all end sinpular, includ~ng all and singutar the intome, pro~its, issuet and revenues from whatevt~ :ource derive~, exh and every of which, i1 being expressly underslood, ia hereby mortgaged as if specifically set fwth ~nd deKribad In 11~ yrantiny and habendum clauses hereof, and such Receiver shall have sll the broad and elfective func~~ons and powen in anywise entr~fted by a Courf to ~ Receiver, ~~d s_ch sppointment shall be made by such Gourt as an admitted equ~ty and s matter o1 absolute righ~ to uid MORTGAGEE, ~nd without rete~ence to tM adequacy a inadequacy of the vatve of the property matgaged or fo the so:vency or insolvency of sa~d MORTGAGOR w the defendann, and that suth ~enrs, profiri, income, issues and revcnues shall be applied by such Receiver ~ccord~ng to the Iien a equity of said MORTGAGEE and fM practite of suth CouA. ; 8. To duly, promptly and fully perform, d~scha~ge, execute, effect, complete, comply with and abide by each and every ths stipulatioru, ayreements, conditioni and covenants in sa~d promissory note and th;s mortgage set 1or1h. 9. That in the event the ownershtp of the mortgaged premius, a any part thereof, bccort?~s vested in a p~rson oth~r 1Mn tht JNORTGAGOR, tM ti'•ORTGAGEE, i4 successors and asslgns, may, without norice to the MORTGAOR, deal with such successor or wuessw in inNresf wHh reference to ihis mortgage and the de61 hereby aetured in tFx same manner as with Mottgsgo~ witFw~t in any way viliating w dixhargi~g tfk Mort~~yws~ liabilify het~- undtr w upon ~he debt hereby secured. No sele of ~he p~emises hereby mortgaged and no forbearance on ths pah of tFa MORTGAGEE a itt wccesson or aas~gns and no exte~siort o1 fhe time ior the payment of the debt hereby secured g~ven by the MORTGAGEE or in succsuo~t or ~uiyrn, shall aperate to release, d~scharge, mod~fy change or affect the aiginal lisbil~ty of the MORTGAGOR herein, either in whok or in p~?t. 10. It ~s speufically agreed that time is of the essence of this contract and that no waiver of any obligafio~ hereunder p of fh~ oblip~tion se- cvred hereby shbll at any time thrreafter be held to be s weiver oF the terrtu hereo) u of the inatrument secured herby. 11. In add.rio~ to the fwego ng month!y payments of princ pal and interest req~ired by the p~omissory nore secur~d hereby, mortg~gar covenanis and agrees to pay to mortgagee w~th each monrhly payr.,ent an add~rional sum est~mated by mortgagee to be equal to 1/12 of 1F?e annual cost of fhe follow- mg: A-All rea~ properry taxes levied or assessed agai~st thc above described real estata I # ~ 6-Vrem~ums on fire and windsform insurar.ce as here~n requ:red to be carried on the improvemenri situate on the above described premiaes. j C-Fremiums on such mortgage guaranty insurar,ce as mortgagee shall from t:me to time deem fii to carry on the bs~ tetuted heteby. t ! Mortgagee sha?I f~om time to time not~iy mortgagor ~n writirtg of the amount due and payable hereunder and such wm shall thereupon be d~e •nd ~ Fnyabte o~ the due date oi ihe nezt month:y payment and each successive mo~th thereafter ur.til mwtgagee shall not;fy mortgagor of a change in such € a^:ount. $uch s~ms sY~afi be appiied by mortgagee to.vard the paymeot of real prope~ty tsxes, insurance prem:ums, a~d mortgaye guaranfy insurence i p~emiums. i € tN WITNESS WHEREOF, the said MORTGAGOR has hereunto ut bis hand and seal the day and year (i afo.esaid. = Signed, Sealed and delirsred in the presence of: ~ flLEO A+~'~ ~£~LSf'tDfi ~ ~ ~ ~ ~ , ~ ~ 5T. L1fC~E ~O~~n « ence M Ric ~ ~ ~ ~ =LiTAAS ` ~ i~:~~• ~ ~s ~ ~ ~ CLEBA C;3CUlT C~t r'~:u i_.~-l~./ ~~L'-! -L=_(Sean ~ RECOkDYEf~f1Ee~----- ~eresa A, Rich ,~,n STATE OF FIORIDA yr; + 3 51 COUNN Of St . WCle ~ ^ ~ Lawrence M. Rich 3~5 ~ Before me perwnaHy appeared Teresa A Rich ~ his wife, to me well known and known to me to b~ ~ the individuals deuribed in and who executed the fwegoing instrument, and acknowiedged before me tF~at tFroy executed the ssme for the purposes therein expressed. And the said Teresa RICtI ~ Lawrence M. Rich ~vife of ths said vpon ~ separ+te and privaf~ ~ examinat;o~ by me taken separate and apart from her said husband, acknowledged to and before me that she exetuted s~id irntrument freely snd volun- ~ rarily and w~thout any compu:san, constraint, sppreheqsion, or fear of or irom her said husband. WITNE55 my hand and offiual seai this- day of \ '~a y A p, 19 76 ~ ~ . , ; . , ~ ! ~ . i~. ~ " ~ ' ' _ ~ ~ Notary Public in and fw Stitj of Florida at Larpe ~ My Commission eapireft ~ G ~ Retum To: L j.M / / first federal Savings b Loan Associat~or , ~ Of Fort P:erce. ~ ,,~.~Ilirp~.~~ , , Fort Pierce, Florida . : ~ r • f' ii. . t 'rr ' - ~ , • fj• . ( . ' ~ . . This Instrument Prepared By John W. Coll ins ' First Federa) Savings 8~ Loan Association - . : ; ti ~ : : s : ~ of Fort Pierce , F lor ida = ~ ~ ~ ~ Z ~ • = , ~ Checked By % ~ %3 ~,1~ , ~ • y'~ • .,v y' ~ ~ r iI tj~ f.r ' ~ ' i A ` ~ ev 1~ fpn~.~ r ~-x ~ ! ~ . ~ - : ~ _ .z_ ~ _